Brokerage firm Charles Schwab said on Tuesday that its profit rose 44% in the fourth quarter driven by a jump in asset management fees, sending its shares up more than 6% in premarket trading.

Charles Schwab shares rose Tuesday after the financial services firm's earnings for the fourth quarter topped estimates. Revenue and profits surged from the same time a year ago as asset management fees set a quarterly record.

The rare winter storm that is hitting the southern portion of the United States became historic Tuesday morning when the Lake Charles National Weather Service office issued its first-ever blizzard warning.

A blizzard warning was in effect for parts of southern Louisiana on Tuesday, January 21, as a winter storm was forecast to bring up to 6 inches of snow and winds up to 35 mph to parts of the state.Chad Casey captured this footage showing snow whipping around the city of Lake Charles on Tuesday,